Renewable power pioneer Alternergy Holdings Corp. (Alternergy) said it raised over P20 billion in 15 months since its initial public offering (IPO) in March 2023. This capital is aimed to fund the accelerated construction of up to 204 megawatts (MW) of new capacity targeted to come online by 2025,...
Filipino firm NexGen Energy Corp., a subsidiary of Tiu-led Pure Energy Holdings Corp. (PEHC) is planning to pursue initial public offering (IPO) to partly raise project funding for its targeted 2,350-megawatt renewable energy (RE) development pipeline. According to the company, its blueprinted...
The Securities and Exchange Commission (SEC) has issued guidelines which includes requiring companies planning initial public offerings to disclose cornerstone investors in line with efforts to boost investor participation in the capital market. The Commission on April 11 issued SEC Memorandum...
The Energy Regulatory Commission (ERC) is working with the Securities and Exchange Commission (SEC) on the development of a regulatory framework that will hasten the initial public offering (IPO) of the country’s power generation companies and distribution utilities. The two government agencies...
The board of directors of renewable energy pioneer Alternergy Holdings Corporation has given go-signal on the reallocation of substantial portion of its initial public offering (IPO) proceeds to bankroll the construction of its two major wind power projects. With that decision, the company conveyed...
UPSON International Corp. (UIC) shares the details of their Initial Public Offering (IPO) with the Public Offer Period from March 21 to March 27, 2023, and Tentative Listing Date on April 3, 2023. Apply online at PSE EASy:...
Another renewable energy firm is planning to go public. The Securities and Exchange Commission said it has officially received the registration statement of Alternergy Holdings Corporation (AHC) for a planned initial public offering worth up to P2.18 billion. Alternergy was founded by a management...
ORCA Cold Chain Solutions, a local cold storage firm, is planning an initial public offering worth up to P1.5 billion prior to listing at the Philippine Stock Exchange’s Small, Medium and Emerging Board. Based on the prospectus provided by the company, it is planning to offer a total 1.48 billion...
Balai ni Fruitas Inc. (BALAI), a wholly-owned bakery subsidiary of Fruitas Holdings Inc., is planning an initial public offering worth up to P309 million for its expansion program. In a disclosure to the Philippine Stock Exchange, Fruitas said BALAI is set to file a registration statement with the...
The retail tranche of the P4.5 billion billion initial public offering AllDay Marts Inc. was 1.62 times oversubscribed, requiring the underwriter PNB Capital and Investment Corporation to refund subscriptions that could not be accommodated. “The overwhelming demand from the Local Small Investors...
The Philippine Stock Exchange’s Board of Directors has approved the listing of the shares of AllDay Marts, Inc. at the bourse’s Main Board—paving the way for the retailer’s P6 billion initial public offering. AllDay Marts, the operator of AllDay Supermarkets, will be offering up to 6.86...
The Securities and Exchange Commission (SEC) has approved the P6 billion market debut of AllDay Marts, Inc. and the P18- billion bond offering of Petron Corporation. 34600 In its meeting last September 23, the Commission En Banc resolved to render effective the registration statements of AllDay...
